For Sale
$1,555,556

17151 Golden RdGolden, CO 80401

High-yield, net-leased auto parts store

Overview

Added:
Dec 11, 2024
Days on market:
115
This 6,000 sq ft, single-story building in Golden, CO, houses an Advance Auto Parts store. Built in 2009, it's situated in a high-traffic area with over 16,000 vehicles daily. The property boasts a 15-year lease (expiring 12/31/2031), with 7.4 years remaining, featuring a corporate guarantee from Advance Auto Parts (investment-grade credit). The current rent is 20% below market value, offering significant upside potential. The property benefits from a strong location near major retailers like King Soopers, McDonald's, Walgreens, Starbucks, and Bank of America, within a 5-mile radius boasting a population exceeding 114,000 and an average household income of $141,959. The asking price is $1,555,556, with a 6.75% cap rate and a net operating income (NOI) of $105,000. The lease includes 5% rent bumps in options. This fee-simple ownership opportunity presents a compelling investment in a thriving retail market, just 5 miles north of Red Rocks Amphitheatre and 10 miles west of downtown Denver. The property enjoys 100% occupancy since its opening on October 27, 2009.

Highlights

  • 2009 build-to-suit for Advance Auto Parts.
  • ±7.45 years remaining on a recently extended lease.
  • Strong tenant mix including King Soopers, McDonald's, Walgreens, Starbucks, Jiffy Lube, and Bank of America.
  • Excellent demographics: $141,959 average household income and over 114,000 residents within a 5-mile radius, located 10 miles west of downtown Denver.
  • Below-market rent provides significant future upside potential.
  • High daily traffic counts exceeding 16,000 vehicles on South Golden Road.

Property Details for 17151 Golden Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
6,000 SF
Year Built
2009
Buildings
1
Stories
1

Location Insight

City
Golden
County
Jefferson
State
Colorado
Latitude
39.7377979
Longitude
-105.1929261
17151 Golden Rd, Golden, Colorado

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17151 Golden Rd
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